M&A Deal Summary

Piedmont Natural Gas Acquires North Carolina Natural Gas

On October 16, 2002, Piedmont Natural Gas acquired energy services and equipment company North Carolina Natural Gas for 425M USD

Acquisition Highlights
  • This is Piedmont Natural Gas’ 1st transaction in the Energy Services and Equipment sector.
  • This is Piedmont Natural Gas’ largest (disclosed) transaction.
  • This is Piedmont Natural Gas’ 1st transaction in the United States.
  • This is Piedmont Natural Gas’ 1st transaction in North Carolina.

M&A Deal Summary
Date 2002-10-16
Target North Carolina Natural Gas
Sector Energy Services and Equipment
Buyer(s) Piedmont Natural Gas
Deal Type Add-on Acquisition
Deal Value 425M USD

Target

North Carolina Natural Gas

Fayetteville, North Carolina, United States
North Carolina Natural Gas (NCNG), its natural gas distribution in US.

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Buyer(S) 1

Buyer

Piedmont Natural Gas

Charlotte, North Carolina, United States
Category Company
Founded 1949
Sector Energy Services and Equipment
Employees1,868
Revenue 1.5B USD (2014)
DESCRIPTION

Piedmont Natural Gas is an energy services company primarily engaged in the distribution of natural gas to more than one million residential, commercial, industrial and power generation utility customers in portions of North Carolina, South Carolina and Tennessee, including customers served by municipalities who are wholesale customers.

DEAL STATS #
Overall 1 of 2
Sector (Energy Services and Equipment) 1 of 2
Type (Add-on Acquisition) 1 of 1
State (North Carolina) 1 of 1
Country (United States) 1 of 2
Year (2002) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-06 SouthStar Energy Services

Atlanta, Georgia, United States

SouthStar Energy Services LLC provides natural energy services in US.

Buy $23M
Mergr

Product

Company

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